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HSBC makes changes to European syndicate team
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MOVES - HSBC makes changes to European syndicate team
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By Mariam Meskin
17 Dec 2020
CEEMEA borrowers sovereigns in particular were forced to ramp up their capital markets borrowing in the wake of the coronavirus pandemic. The elevated issuance volumes are set to stay, even though there are concerns that some emerging market borrowers will need a strong dose of debt relief amid fears about just how sustainable their borrowing levels are. Mariam Meskin reports.
Bond issuance by borrowers from central and Eastern Europe, the Middle East and Africa rose slightly in 2020 as sovereign issuers looked to raise emergency cash to get through the coronavirus pandemic. But more striking was the size of deals being done compared to the year before. Over $311.2bn worth of bonds had been raised by the start of December in 586 deals, up from $309.3bn from 996 bonds in the same period last year, according to Dealogic data.